Eagle Bancorp Montana, Inc. (EBMT) Q2 Earnings and Revenues Miss Estimates

Core Insights - Eagle Bancorp Montana reported quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.28 per share, and down from $0.26 per share a year ago [5] - The company posted revenues of $19.9 million for the quarter, missing the Zacks Consensus Estimate by 2.92%, and down from $21.47 million year-over-year [6] - The stock has underperformed the market, losing about 9.3% since the beginning of the year compared to the S&P 500's gain of 16.7% [12] Earnings Performance - The earnings surprise for the latest quarter was -21.43%, following a previous surprise of -17.24% when earnings were expected to be $0.29 but were reported at $0.24 [1][2] - Over the last four quarters, the company has not been able to surpass consensus EPS estimates [11] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $21.4 million, and for the current fiscal year, it is $1.28 on revenues of $82.8 million [14] - The estimate revisions trend for Eagle Bancorp Montana is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [3] Industry Context - The Zacks Industry Rank for Banks - Midwest is currently in the top 40% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - First Merchants, another company in the same industry, is expected to report revenues of $156.35 million, down 4.8% from the year-ago quarter [10]